| Morningstar Fund Report | 14/04/2025 |  |
BlackRock Global Funds - US Government Mortgage Impact Fund A2 USD |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -0.9 | -2.3 | -2.6 | 2.3 | -0.8 |
| +/-Cat | 0.6 | -1.7 | -0.6 | 1.4 | -1.1 |
| +/-B’mrk | - | - | -0.7 | -0.3 | -0.7 |
| Category: USD Government Bond | ||||||
| Category Benchmark: Morningstar US Govt Bd TR USD | ||||||
| Key Stats | ||
| NAV 11/04/2025 | USD 18.45 | |
| Day Change | -2.07% | |
| Morningstar Category™ | USD Government Bond | |
| ISIN | LU0096258446 | |
| Fund Size (Mil) 31/03/2025 | USD 76.40 | |
| Share Class Size (Mil) 11/04/2025 | USD 20.07 | |
| Max Initial Charge | 5.26% | |
| Ongoing Charge 04/02/2025 | 0.91% | |
| Morningstar Research |
| Analyst Report | 31/03/2025 Eric Jacobson, Senior Principal Morningstar, Inc |
BGF U.S. Government Mortgage Impact’s team is experienced and deep, but its opportunity set is narrow in a sector where active managers already struggle to outperform. The strategy’s cheapest share classes earn a Morningstar Analyst Rating of... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 24 |
| Process | 23 |
| Performance | |
| Price | |
| Investment Objective: BlackRock Global Funds - US Government Mortgage Impact Fund A2 USD |
| The Fund seeks a high level of income. The Fund invests at least 80% of its total assets in fixed income transferable securities issued or guaranteed by the United States Government which have a positive social and/or environmental impact. |
| Returns | |||||||||||||
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| Management | ||
Manager Name Start Date | ||
Akiva Dickstein 01/11/2009 | ||
Matthew Kraeger 01/11/2009 | ||
| Click here to see others | ||
Inception Date 02/08/1985 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Bloomberg US MBS TR USD | Morningstar US Govt Bd TR USD |
| Portfolio Profile for BlackRock Global Funds - US Government Mortgage Impact Fund A2 USD | 28/02/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 5.37 | 2.30 | 1.83 | -0.91 | -2.26 | -2.62 | 2.29 | -0.82 |
| +/- Category | -0.96 | -0.27 | -2.15 | 0.64 | -1.68 | -0.62 | 1.45 | -1.14 |
| +/- Category Index | - | - | - | - | - | -0.65 | -0.28 | -0.69 |
| % Rank in Category | 79 | 49 | 62 | 39 | 65 | 71 | 50 | 91 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | -2.07 | -0.90 | -1.09 |
| 1 Week | -4.38 | -0.96 | -1.17 |
| 1 Month | -3.06 | -1.06 | -1.50 |
| 3 Months | -5.26 | -0.95 | -1.26 |
| 6 Months | -1.79 | -1.43 | -1.98 |
| YTD | -4.29 | -1.40 | -1.79 |
| 1 Year | -0.62 | -0.95 | -1.56 |
| 3 Years Annualised | -0.96 | -0.92 | -1.27 |
| 5 Years Annualised | -3.05 | -0.23 | -0.25 |
| 10 Years Annualised | 1.11 | -0.32 | -0.91 |
| Category: USD Government Bond | |||
| Category Index: Morningstar US Govt Bd TR USD | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | -0.82 | - | - | - |
| 2024 | -0.24 | 0.70 | -1.49 | 3.36 |
| 2023 | -1.08 | -3.33 | 0.40 | 1.42 |
| 2022 | -2.84 | 3.44 | 3.86 | -6.36 |
| 2021 | -1.87 | 0.02 | 2.45 | -1.46 |
| 2020 | 10.06 | 1.33 | -3.82 | -5.06 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : USD Government Bond | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar US Govt Bd TR USD | Morningstar US Core Bd TR USD | |
| 3-Yr Beta | 1.20 | 1.05 |
| 3-Yr Alpha | 0.18 | -1.15 |
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 28/02/2025 |
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| Top 10 Holdings | 28/02/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 0 |
| Total Number of Bond Holdings | 254 |
| Assets in Top 10 Holdings | 48.45 |
| Name | Sector | Country | % of Assets | ||
 Government National Mortgage Association |  | United States | 17.00 | ||
 Federal Home Loan Mortgage Corp. | | United States | 4.82 | ||
| Fnma Pass-Thru I | | United States | 4.59 | ||
| Government National Mortgage Association | | United States | 3.84 | ||
| Fnma Pass-Thru I | | United States | 3.65 | ||
| Federal Home Loan Mortgage Corp. | | United States | 3.16 | ||
| Fnma Pass-Thru I | | United States | 2.93 | ||
| Government National Mortgage Association | | United States | 2.86 | ||
| Government National Mortgage Association | | United States | 2.85 | ||
| Fnma Pass-Thru I | | United States | 2.75 | ||
Increase Decrease  New since last portfolio | |||||
| Category: USD Government Bond | |||||
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| Biography | |
| Akiva Dickstein, Managing Director, is Head of Customized Multi-Sector Portfolios and co-Head of Global Inflation Linked Portfolios within BlackRock's Fundamental Fixed Income (FFI) group, and a member of the Fundamental Fixed Income executive team. He is also a portfolio manager of BlackRock's Core Bond Fund. Prior to taking on his current responsibilities, Mr. Dickstein was the lead portfolio manager on BlackRock's mortgage portfolios. Before joining BlackRock in 2009, Mr. Dickstein spent eight years at Merrill Lynch, where he served as Managing Director and head of the U.S. Rates & Structured Credit Research Group. He was responsible for the team that produced MBS, ABS, CMBS, Treasuries, swaps, and interest rate derivatives research. Mr. Dickstein's publications on MBS strategy included the weekly Mortgage Investor as well as numerous lengthier articles on topics such as optimal loan modifications, the valuation of credit-sensitive MBS and ABS, and the pricing of mortgage derivatives, options, and pass-throughs. In addition, he developed Merrill's prepayment models for fixed rate and hybrid MBS. From 1993 to 2001, Mr. Dickstein was with Lehman Brothers, most recently as a Senior Vice President in Mortgage Derivatives Trading. In this role, he traded mortgage derivatives and developed Lehman's credit default model. He joined Lehman as a mortgage and asset-backed securities analyst and was named to Institutional Investor's All American Fixed Income Research Team in pass-throughs, non-agency mortgages, and asset-backed securities. Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993. |
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| Fund Manager | Matthew Kraeger |
| Manager Start Date | 01/11/2009 |
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| Biography | |
| Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2009 to 2014; Vice President of BlackRock, Inc. from 2006 to 2008; Associate of BlackRock, Inc. from 2002 to 2005. |
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| Fund Manager | Bob Miller |
| Manager Start Date | 14/11/2012 |
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| Biography | |
| Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee. He is a portfolio manager of BlackRock's Core Bond, Total Return, and Strategic Income Opportunities Funds. Prior to joining BlackRock in 2011, Mr. Miller was a co-founder and partner at the Round Table Investment Management Company, a multi-strategy, research-based investment company, where he managed a global macro strategy. Previously, Mr. Miller spent 20 years at Bank of America, where he served in a variety |
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